Hudson’s Bay Faces Full Liquidation as Financial Rescue Efforts Falter

Canada's oldest retailer is set to begin store closures next week unless landlords and stakeholders reach a last-minute agreement.

Hudson’s Bay Company, with 80 stores nationwide, has announced plans to liquidate its operations after failing to secure sufficient financing.
The company has sought creditor protection under Canada’s Companies’ Creditors Arrangement Act and is pursuing court approval to begin liquidation sales starting next week.
Ongoing discussions with landlords for rent concessions and financial support have not yet produced a viable restructuring plan to save the retailer.
The company’s financial struggles stem from years of underinvestment in stores, a failed e-commerce strategy, and external pressures like inflation and declining consumer spending.
Hudson’s Bay continues to seek solutions to preserve jobs and its historic legacy, but the future of the retailer remains uncertain.